Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3001-3101 Barrington Rd Barrington, IL 60192

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Barrington, IL Strip Mall - Great Location

    Lot size:
    29,120 SF

    Property Features for 3001-3101 Barrington Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,120 SF

    Spaces For Lease

    at 3001-3101 Barrington Rd, Barrington, IL 60192 Contact us

    We can help!

    Listing Contact
    Randy Kotwica
    Randy Kotwica

    Listing Agency: Edgemark Commercial Real Estate Services Listing Agent: Randy Kotwica

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Fountain Crossings, a retail strip center located at 3001-3101 N Barrington Rd in Hoffman Estates, Illinois (zip code 60192), offers exceptional opportunities for businesses seeking prime retail space in Cook County. This property boasts a total of 29,120 square feet, with 6,000 square feet currently available for lease. The center is comprised of multiple tenancies, providing flexibility for various business types. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 1,600 square feet, though larger spaces may be available by combining units. Ample parking is provided with 150 spaces available for customers and employees. The property's location in the thriving community of Hoffman Estates, Illinois, offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and convenient access for customers. The property is situated in Cook County, providing access to a large and diverse customer base. This is a fantastic opportunity to establish or expand your business in a vibrant and well-established retail center. Inquire today to learn more about the available spaces and lease terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Barrington
    County
    Cook
    State
    Illinois
    Longitude
    -88.1401311
    Latitude
    42.0784491

    Nearby Similar for Lease

    • $24 SF/Yr
      10,800 SF

      Barrington Executive Center Suites

      Executive Office Space, Cook County
      110 Hager Ave, Barrington, IL 60010
      View Details
    • $23 SF/Yr

      Barrington Village Office Space Available

      Office space in downtown Barrington, near Metra and amenities.
      202 S Cook St, Barrington, IL 60010
      View Details
    • Contact for pricing
      31,045 SF

      Barrington Office Space For Rent

      Office space available for lease in Barrington, Illinois.
      21440 W Lk Cook Rd, Barrington, IL
      View Details
    • Contact for pricing
      3,000 SF

      Barrington Office Space For Rent

      Office space available for rent in Barrington, Illinois.
      820-826 S Northwest Hwy, Barrington, IL 60010
      View Details
    • Contact for pricing
      141 SF

      Barrington Office Space Available

      Office space available for lease in Barrington, Illinois.
      135 Park Ave, Barrington, IL
      View Details
    • Contact for pricing
      4,000 SF

      Barrington Office Space Available

      4,000 square feet of office space for lease.
      325 N Hough St, Barrington, IL
      View Details
    • Contact for pricing
      2,995 SF

      Barrington Office Space Available

      Office space available for lease in Barrington, Illinois.
      27790 W State Rte, Barrington, IL
      View Details
    • $12 SF/Yr
      57,000 SF

      Lake Barrington Medical Office Building

      Class A Medical Office Suites Available
      29160 Northwest Hwy, Barrington, IL 60010
      View Details
    • Contact for pricing
      17,424 SF

      Barrington Retail/Office Space For Rent

      Ground floor unit in a high-traffic Barrington location.
      148 S Northwest Hwy, Barrington, IL 60010
      View Details
    • Contact for pricing

      Barrington Office Space For Lease

      Office units available in downtown Barrington near Metra station.
      50 Ela St, Barrington, IL 60010
      View Details
    • Contact for pricing

      Downtown Barrington Office Suite

      Spacious office suite in downtown Barrington near Metra station.
      200 N Northwest Hwy, Barrington, IL 60010
      View Details
    • Contact for pricing
      4,792 SF

      Barrington Commercial Building For Rent

      One-story commercial building with high visibility and ample parking.
      400 W Northwest Hwy, Barrington, IL 60010
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Barrington, IL Strip Mall - Great Location
    Where is this neighborhood center located?
    The property is located at 3001-3101 Barrington Rd Barrington, IL.
    What are key features of this property?
    This property features: Less than 5 minutes from the I-90 and Barrington Rd interchange.; High-visibility location at the northeast corner of Barrington Road and Lakewood Boulevard.; Strong demographics in the Hoffman Estates/South Barrington area.
    Request Owner's contact information
    3001-3101 Barrington Rd Barrington, IL 60192
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3001-3101 Barrington Rd
    Barrington, IL 60192
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3001-3101 Barrington Rd Barrington, IL 60192
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Randy Kotwica
    Randy Kotwica
    Real Estate License ID: 475144810
    Learn more
    Google sign-in failed. Please try again or use another login method.